The stock market or the share market is a place that always rewards the patience in people and in the long term if you have done your research right and you are investing in the right companies with the right future potential then you are in no place to go wrong. Many few people understand this and instead of treating the stock market as a business, they tend to treat this as a lottery to get rich quickly.
This is one of the aspects because of which most of the retail traders and by most of them I mean almost close to 95% retail investors lose a huge sum of money and there’s also research in which the trading journey is divided into four parts of a pyramid that nicely depicts the journey of retail investors and traders.
The base of the pyramid which is the longest part of the pyramid is depicted as the starting portion of the journey of a trader in which most of the trader’s trade and make some losses and some profits, the second-longest being a level ahead in the journey where almost 50 percent of the whole leave trading because of high positional risk and losing streak and then the third level of the journey which comes after around six months of trading and in which only 30 percent of the traders remain because of the fear of trading. And then the last part of the pyramid which is the smallest and in which only five percent of the whole lot remains as long-term traders and profitable ones.
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In order to be profitable long term one has to always build a strategy and work according to that and for traders only trade the plan and always plan the trade.
Today we will look at one of the greatest investors and personalities of India who is an idol to many and a role model for every trader. He is also one of the richest investors in India who has made his fortune from long-term investing and started with short-term trading.
We will be looking at the early life and decisions of Mr. Vijay Kedia, the ace investor himself that he took in order to be at a place where everybody wants to be.
We will also look at some of his current holdings from his present portfolio.
Let us quickly dive in and look at all the facts and fiction about him
Vijay Kedia Success Story
Vijay Kishanlal Kedia was born in Kolkata and being from a trader family he had his eyes on trading from the early days of his 14th birthday although he was involved in trading activities with his grandfather for a very long time, due to unfortunate circumstances of his father’s demise he had to choose to trade and work in his family business of stockbroking.
He completed his formal education in the field of commerce and earned a degree of Bachelor in Commerce.
After working for his family’s stockbroking firm for a year he started his career as a trader himself to earn profits for himself and his family instead of brokering for others.
Like all other traders, he was in profit for almost a year and then he started having losses and it was not very late that he realized his initial profits were just pure luck.
Soon, Kedia made a decision to move to Bombay as he had heard that all of the trading activities take place from Bombay in the Bombay stock exchange and started trading again with all the money he was left with but again he made losses, and this time his mother has to giveaway her jewelry to recover the losses he had then after struggling to make money trading for quite a while Vijay Kedia decided that he was barely breaking even and made the final decision of moving from trading to value investing in companies that he saw potential future growth.
Soon, he was struck with the truth that no one was ready to teach him and there are no resources available to learn about stock market investing.
But, by investing and researching opportunities he started making huge profits from companies he invested in like Atul auto, Cera sanitaryware, etc.
He has made huge multi-bagger profits from investing in companies that he thought has the potential to grow big in the future.
During the Harshad Mehta days, Mr. Kedia made huge profits on buying ACC cement which skyrocketed from 300 rs to 3000 rs in the bull run made by Harshad Mehta.
He was also awarded the doctorate in excellent management and is now Dr. Vijay Kedia which is an amazing achievement. He is also famous for predicting the structured bull run of the Indian stock market in 2012.
He has given numerous guest lectures in different educational institutions and also spoke in TedX Amritsar. He also owns a management firm known as Kedia securities Pvt ltd.
When asked he defined his success as a series of accidents and now he has his own approach while screening companies for long term investing and stated that he now takes the SMILE approach for choosing companies that stand for Small in size, medium in experience, large in aspiration and extra-large in market potential. He also quoted multiple times the role of patience as discussed in the introduction of this article and says that sometimes it takes the market some time to understand the potential of a company so, an investor’s job is to stay patient and wait for the move to happen.
He also emphasizes the presence of good management in a company and if the management is good then the company will grow and can take your investments to newer heights.
As promised some of his present holdings include
Sudarshan Chemicals
Cera sanitaryware
Heritage foods
Atul auto
Astec Lifesciences
Neuland labs
These are some of his present holdings. Although it is not at all advisable to copy any investor holding and is always advisable to just take inspiration from.
These are lagging data and are subject to change according to the movement of the market and whenever Mr. Kedia decides to remove his stakes from certain companies which you will get to know a lot later leaving a dent in your pocket.
Vijay Kedia Net Worth
The presumed net worth of Mr. Kedia is almost around 298 crores that are from his holdings that are available for the public. So, the key takeaways from his life are to be patient while investing and always have some approach to justify your investments in the companies you have decided to invest in.
